The company will also carry out a private placement in order to raise capital for its planned global expansion, including by opening offices in the United States and Israel.
After the stock market listing, the company’s founder, Daniel Ilinca, will hold 44.7% of the company’s shares, Bittnet Systems will own 22.5% of the shares, the management team made up of Alexandru Dianu (COO), Marius Baisan (CTO) and Andreea Popa (CFO) will hold a 10.8% stake, Simple Capital, an investment vehicle launched by entrepreneur Andrei Pitis, will control 9%, while stock market investors will own 10% of CODE shares.
Softbinator Technologies, established in 2017 by Daniel Ilinca, has a team of 100 software developers, whose solutions are used by companies in the United States, Europe (UK, Germany and Romania), the Middle East (Israel) and Asia (Singapore). The company’s clients are companies operating in the automotive, education, lifestyle, health, electronic payments, gaming and banking sectors.
Softbinator Technologies has teams in the cities of Bucharest and Constanta and plans to use the capital raised from stock market investors to expand its global presence by opening offices in the United States and Israel.
Prior to its stock market listing, the company will carry out a private placement within which it will offer investors 10% of its own shares, whereby it seeks to raise as much as RON6 million.
In order to prepare for the listing on the AeRO market, the company’s shareholders appointed, in April 2021, a Board of Directors made up of three members: Andrei Pitis (Chairman), Daniel Ilinca (Deputy Chairman) and Cristian Logofatu (Member).
Softbinator Technologies had a turnover of RON12.3 million and a net profit of RON2.6 million in 2020. In the first half of 2021, its sales surged 43% to RON7.78 million and its net profit grew 18% to RON1.39 million.
The company targets revenue of RON17.3 million and a profit of RON3.4 million for 2021.
The private placement, expected to be carried in September, will be brokered by Tradeville, while Cornerstone Communications will be authorized advisor of Softbinator Technologies after the listing.